As the price of Bitcoin (BTC) crept up in recent months, it appears public interest in digital assets is once again on the rise. Newcomers to the sector these days have it far easier than those who joined in the earlier days. Since 2017, we have seen an inflow of institutional investment, increasing the availability of crypto derivatives, and a vast array of new exchanges, custodians and wallets entering the market.
However, the industry still lacks a fundamental capability, which is perhaps the most significant barrier to adoption for new users — a guarantee of fund security. Even now, in 2020, exchange hacks are still a problem, with Italian exchange Altsbit the latest to get hit. If users are savvy enough to put their funds into a separate wallet, a lack of effective private key security could mean they lose access to their funds. Just ask famous gold-bug Peter Schiff.
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